September 30th, 2022 BRANDESSENCE MARKET RSEARCH Releases
Self–Testing Market is valued at USD 5.96 Billion in 2020 and expected to reach USD 8.11 Billion by 2027 with the CAGR of 4.50% over the forecast period.
Scope of Global Self-Testing Market Report:
Self–test kits are used for the rapid diagnostic in different diseases. In this test no need of the medical expert. Self-tests are comfortable and convenient as they can be taken at any time and require a small procedure. The self- test kits are used in different condition like, pregnancy self-test, HIV self-test, self-test kits for infertility, self-test kits for STIs and others. The home testing is increasing from 1970 with the pregnancy kit. In the recent years, there are number various kinds of self-testing kits are available in the market. Now these kits are quick and simple tests for ovulation. People can also monitor blood pressure as well as test for HIV, colon cancer, hepatitis C, deteriorating vision, and urinary tract infections. Some products provide results right away, while others are sample collection devices that need to be mailed to a laboratory for processing. Consumers are inclining towards the self-test kit as it’s convenient and gives fast result.
Request Sample PDF Brochure + All Related Charts Here
Some of the key players/Manufacturers involved in the Self-Testing Market are:
Buy Now @ https://brandessenceresearch.com/Checkout?report_id=1382
Home Diagnostics Startup Everlywell is Launching an at-Home Coronavirus Test Sample Kit.
March 19th, 2020; Everlywell announces that an at-home collection kit with telehealth diagnosis for COVID-19 will be available to for USD 139. The initial offering of 30,000 collection kits will significantly impact total coronavirus testing capacity in the United States; free telehealth consults are included for those with positive results. By working with multiple labs to scale infrastructure, the company plans to have testing and diagnosis capacity for a quarter of a million people weekly.
Rising Demand of Self-Testing Kits in Hospitals is one of the Major Factors Driving Market Growth.
Rapid diagnostic tests are highly adopted for diagnosis, patient management, epidemiology, and screening and growing preference for the self-diagnosis of viral diseases are some of the major factors driving the market growth. In addition, increase in the detection of new, infectious viruses is also supplementing the market growth of self-testing market. For example, according to U.S government; approximately 37.9 million people across the globe with HIV/AIDS in 2018. Of these, 36.2 million were adults and 1.7 million were children. However, complex regulatory scenario regarding the approval for diagnostic tests for viral infections and lack of awareness regarding newer self-testing may hamper the market growth during the forecast period. In spite of that, research and development by self-testing manufacturing companies may create the number of opportunities for the further growth of the market.
The Asia Pacific is an Emerging Region in the Global Self-Testing Test Kits Market
North America held the largest share of the self-testing market in recent years owing to an increasing number of healthcare sectors adopting these diagnostic kits to detect various infectious diseases caused by bacteria and viruses. Many people in the United States get sick and die from infectious diseases each year. The U.S. and Canada are the major contributors for the growth of the regional market. North America’s market includes productive government regulatory support for encouraging domestic level private investment, which is likely to be a significant factor for the region’s growing healthcare industry. Asia pacific is emerging region in self-testing market due to the increasing population and awareness about health in this region.
On Special Requirement Self-Testing Market Report is also available for below region:
Key Questions This Study Will Answer:
Browse Full Report Description Along with TOC & List of Facts & Figures Here
I-Factor: Live Market intelligence platform
I-Factor is our guaranteed seal to keep our clients ahead of the competition, always. This knowledge platform delivers real-time updates on key economic indicators, competitive landscape, changing demand, trends, customized regional insights, and more. The platform visualizes key data points to help make decision making agile, trustworthy, and holistic. Register for free trial here at https://brandessenceresearch.com/i-factor/login/userRegister
Brandessence Market Research & Consulting Pvt ltd.
Brandessence Market Research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals, and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations, and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Sign up and submit a press release
Medical technologies transform the world! Join us and see the progress in real time. At Medgadget, we report the latest technology news, interview leaders in the field, and file dispatches from medical events around the world since 2004.